Zacks Investment Research Upgrades Kosmos Energy Ltd. (KOS) to “Hold”

Kosmos Energy Ltd. (NYSE:KOS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda. “

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KOS has been the subject of several other research reports. BMO Capital Markets restated a “buy” rating and issued a $9.00 target price on shares of Kosmos Energy in a research note on Friday, August 4th. BidaskClub cut shares of Kosmos Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Macquarie initiated coverage on shares of Kosmos Energy in a research note on Monday, August 7th. They issued an “outperform” rating and a $10.00 target price for the company. Citigroup Inc. reduced their target price on shares of Kosmos Energy from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Finally, Sanford C. Bernstein initiated coverage on shares of Kosmos Energy in a research note on Wednesday, September 6th. They issued a “market perform” rating and a $7.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $8.50.

Kosmos Energy (NYSE:KOS) opened at 7.86 on Wednesday. Kosmos Energy has a 12 month low of $4.39 and a 12 month high of $7.90. The firm has a 50 day moving average of $6.96 and a 200-day moving average of $6.45. The firm’s market cap is $3.06 billion.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Kosmos Energy had a negative net margin of 26.69% and a negative return on equity of 8.60%. The company had revenue of $146.50 million during the quarter, compared to analysts’ expectations of $168.71 million. During the same quarter last year, the business earned ($0.11) EPS. The business’s revenue was up 220.6% on a year-over-year basis. On average, equities research analysts forecast that Kosmos Energy will post ($0.26) earnings per share for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas lifted its stake in shares of Kosmos Energy by 40.8% in the first quarter. Teacher Retirement System of Texas now owns 15,389 shares of the oil and gas producer’s stock valued at $102,000 after purchasing an additional 4,463 shares during the period. Comerica Bank lifted its stake in shares of Kosmos Energy by 16.8% in the first quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock valued at $113,000 after purchasing an additional 2,701 shares during the period. Koch Industries Inc. acquired a new stake in shares of Kosmos Energy in the first quarter valued at about $115,000. Creative Planning acquired a new stake in shares of Kosmos Energy in the second quarter valued at about $128,000. Finally, QS Investors LLC lifted its stake in shares of Kosmos Energy by 192.3% in the second quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock valued at $146,000 after purchasing an additional 15,000 shares during the period.

Kosmos Energy Company Profile

Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.